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PRMIA AND THE INSURANCE INSTITUTE OF CHINA TO HOST ENTERPRISE RISK MANAGEMENT FORUM IN BEIJING
October 3, 2006 – The Professional Risk Managers’ International Association (PRMIA) and the Insurance Institute of China are making final preparations for their Enterprise Risk Management Forum to be held in Beijing October 16-18, 2006. Through this international partnership, risk management leaders from around the World will be sharing the best practices of Enterprise Risk Management with the leaders of China’s insurance industry.
The PRMIA delegation to China is being organized by David R. Koenig, immediate past Chair of the Board of Directors and Executive Director of PRMIA and William Ding, Senior Vice President & Chief Risk Officer, D. B. Zwirn & Co,LP, a member of the PRMIA New York Steering Committee and former Regional Director, PRMIA Boston. They are being joined by Raj Singh, Chief Risk Officer, Allianz, Tom Wilson, Chief Insurance Risk Officer, ING and former Regional Director, PRMIA Zurich, Erwin Martens, Chief Risk Officer, TIAA-CREF, Christian Jimenez, Chief Financial Officer, Ecureuil Vie and Regional Director, PRMIA Paris, James Tunkey, Chief Operating Officer-Americas, I-OnAsia and Regional Director, PRMIA New York, Leo M. Tilman, Chief Institutional Strategist & Senior Managing Director, Bear, Stearns & Co Inc, Xisuo Louis Liu, Portfolio Manager & ALM Specialist, Wellington Management Company, Phillip Straley, Partner, Global Financial Services Risk Management and Jonathon Zhao, Senior Manager, Actuarial Services, Ernst & Young.
“Risk is not only a common enemy faced by of all human races, but also a difficult problem to tackle by insurance companies and other financial institutions around the Globe,” said Dr. Zongjian Li, Secretary General of the Insurance Institute of China. “In order to facilitate information exchange and to learn from each other regarding the best risk management practices, the Insurance Institute of China (IIC) and the Professional Risk Managers International Association (PRMIA) will jointly host the first ever IIC – PRMIA Insurance Enterprise Risk Management (ERM) Forum from October 16 to October 18, 2006 in Beijing.”
The delegation from the Insurance Institute of China is being led by Fengju Dai, Chairman, Insurance Institute of China and Dr. Zongjian Li, Secretary General, Insurance Institute of China. Joining Chairman Dai and Secretary General Li is Dr. Bingxing Hu, Chief Risk Officer, PICC Asset Management Company and former Regional Director, PRMIA Shanghai. A senior representative from the Chinese Insurance Regulatory Commission (CIRC) will also participate.
“I believe that the planned Insurance ERM Forum will greatly advance the on-going communication and collaboration between IIC and PRMIA,” continued Dr. Li. “I have no doubt that the forthcoming Insurance ERM Forum will make significant contributions not only to promote risk management education, but also to enhance risk management practices in Chinese insurance industry.”
The event is a highly personalized program, where approximately 100 of the most senior members of China’s insurance industry will convene.
“In order to establish an effective and complete risk management system, we have to leverage different roles and advantages of government regulatory functions and market mechanisms,” said Dongsheng Chen, Chairman and CEO of Taikang Life Insurance Company. “In a market economy environment, insurance is a basic tool for managing risks. Insurance will play a more and more significant role in mitigating risks associated with catastrophic disasters, in ensuring both security of human lives and safety of people’s properties, and in stabilizing a country’s economic development. “
